Nicola Wealth Management LTD. Increases Holdings in Fluence Energy, Inc. (NASDAQ:FLNC)

Nicola Wealth Management LTD. raised its position in Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) by 62.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,000 shares of the company's stock after purchasing an additional 31,000 shares during the quarter. Nicola Wealth Management LTD.'s holdings in Fluence Energy were worth $1,840,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. ProShare Advisors LLC increased its holdings in Fluence Energy by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 10,539 shares of the company's stock valued at $183,000 after purchasing an additional 830 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of Fluence Energy by 3.8% in the 2nd quarter. Hsbc Holdings PLC now owns 24,250 shares of the company's stock valued at $420,000 after buying an additional 897 shares during the period. US Bancorp DE lifted its stake in Fluence Energy by 676.6% during the 3rd quarter. US Bancorp DE now owns 1,693 shares of the company's stock worth $38,000 after acquiring an additional 1,475 shares in the last quarter. Blue Trust Inc. boosted its holdings in Fluence Energy by 45.3% during the 3rd quarter. Blue Trust Inc. now owns 4,821 shares of the company's stock valued at $109,000 after acquiring an additional 1,502 shares during the period. Finally, PARK CIRCLE Co acquired a new position in Fluence Energy in the 2nd quarter valued at about $28,000. Institutional investors and hedge funds own 53.16% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Robert W. Baird lowered their price objective on shares of Fluence Energy from $34.00 to $27.00 and set an "outperform" rating for the company in a research note on Friday, August 9th. Bank of America dropped their price target on shares of Fluence Energy from $25.00 to $24.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. Guggenheim upgraded Fluence Energy from a "neutral" rating to a "buy" rating and set a $26.00 price objective on the stock in a research note on Friday, August 9th. Barclays lowered their target price on Fluence Energy from $30.00 to $28.00 and set an "overweight" rating for the company in a research note on Friday, July 26th. Finally, Piper Sandler increased their price target on Fluence Energy from $16.00 to $18.00 and gave the company a "neutral" rating in a research report on Tuesday, October 22nd. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $26.63.

Fluence Energy Trading Up 3.9 %

Shares of NASDAQ FLNC traded up $0.79 during midday trading on Thursday, reaching $21.01. 1,820,353 shares of the company were exchanged, compared to its average volume of 2,190,770. The stock has a market cap of $3.79 billion, a P/E ratio of -110.42, a PEG ratio of 0.72 and a beta of 2.54. Fluence Energy, Inc. has a 1 year low of $12.74 and a 1 year high of $27.80. The stock has a fifty day simple moving average of $21.15 and a 200 day simple moving average of $19.53.

About Fluence Energy

Fluence Energy, Inc, through its subsidiaries, offers energy storage products and solution, services, and artificial intelligence enabled software-as-a-service products for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company sells energy storage products with integrated hardware, software, and digital intelligence.